Placeholder and Paradigm funds
Placeholder and Paradigm funds increase assets invested in Numerai by more than 170% in 15 months
Choosing the right moment for investments allowed the two funds to increase their investments by 170% in 15 months.
According to Messari, on March 21, 2019, Placeholder and Paradigm funds led the $ 11 million round of fundraising for the Numerai project, becoming owners of 55 million NMR tokens. Since then, the price of the token has grown by 177%.
It should be noted that venture firms usually enter positions before the public announcement, so it is likely that their real earnings on this investment amounted to about 300%. If they entered into an agreement on January 21, they received up to 488%.
The NMR / USD pair reached an annual maximum on May 7 near $ 36, thus showing a confident recovery after the collapse of markets in March. Shortly before that, Placeholder published a detailed report substantiating its investment in NMR. Numerai later raised another $ 3 million through the sale of Union Square Ventures, Placeholder, Coinfund, Dragonfly Capital tokens and other tokens.
It is noteworthy that NMR did not experience visible growth against the background of the announcement of the Coinbase exchange about a possible listing of the asset. Messari analysts note that the interest of venture investors does not guarantee the success of Numerai in the long term, but the token is really successfully recovering from the lows of 2018. However, now it is trading 43% below its annual highs.
Media: Coinbase cryptocurrency exchange may enter the stock market before the end of the year
Coinbase cryptocurrency exchange is preparing to enter the stock market. This was reported by Reuters with reference to sources, noting that the listing could take place before the end of the year. In this case, Coinbase will become the first major US cryptocurrency exchange listed on the stock market.
The potential listing of Coinbase shares still requires approval by the US Securities and Exchange Commission (SEC). If she succeeds in getting permission, it will mark an important achievement for the entire cryptocurrency industry, Reuters notes.
